October 19, 2021 | Daily JAM, Morning Briefing |
Today, October 19, Procter & Gamble (PG) reported fiscal year first quarter earnings of $1.61 against Wall Street projections of $1.59. (That’s down 1% from the first quarter of the prior fiscal year.) Sales grew to $20.34 billion versus Wall Street expectations of $19.89 billion. Organic revenue growth was 4% against Wall Street expectations for 2.1%. So as the close today of the stock is down 1.18%. And the results today are seen as disappointing. To figure out why, look beyond those top of the report numbers to the squeeze on margins from higher raw materials costs and from rising expenses for shipping.
April 27, 2021 | Daily JAM, Jubak Picks, MSFT |
Great wasn’t good enough for a stock that had climbed 10.6% in the last month, 17.84% for 2021 as of the close on April 26, and 51.07% in the last year. And Microsoft shares fell in after-hours trading after reporting earnings and revenue above Wall Street estimates. Does the drop set the stage for other BIG TECH stock reporting this week–Alphabet (GOOG) today, Apple (AAPL) and Facebook (FB) tomorrow, and Amazon (AMZN) on Thursday.
February 6, 2021 | Daily JAM, Friday Trick or Trend |
Wall Street analysts have increased their 2021 forecast for S&P 500 earnings by 3.6% to $170.3 a share in January. That’s the biggest jump in earnings estimates in January for any year dating back to 2013 except the revisions in 2018 on the heels of the December 2017 tax cuts. Of course, a good part of this higher estimate is already figured into stock prices.
July 18, 2020 | Daily JAM, Saturday Night Quarterback, Short Term, You Might Have Missed |
...exciting times. And while that's fun (to some people, I hear) on a roller coaster, it's not going to be fun this week as investors try to figure out how to play three big news trends. First (because it's simpler and not because it's necessarily most important)...
February 17, 2020 | Daily JAM |
Yesterday I reported on a rather optimistic view of fourth quarter 2019 earnings that have been reported recently. Here's a much less optimistic take from John Authers at Bloomberg and Andrew Lapthorne of SocGen. With three-quarters of the companies in the S%P 500...
February 15, 2020 | Daily JAM, Saturday Night Quarterback |
..more earnings reports in what is turning out to be a decent quarter for earnings. Going into the season for reporting fourth quarter 2019 earnings, the fear was that results would disappoint for the period with the stocks in the Standard & Poor's 500 showing...
January 14, 2020 | Daily JAM, Morning Briefing |
This morning JPMorgan Chase (JPM) reported that fourth quarter earnings jumped 21% with annual earnings for 2019 rising to a record $36.4 billion. Chalk this one up to a rebound in trading revenue, especially fixed income trading where revenue came in $1 billion...
November 9, 2019 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Here's the...
November 4, 2019 | Daily JAM, Morning Briefing, Short Term |
Today, Monday November 4, the Dow Jones Industrial Average hit its first new all-time high since July. The Standard & Poor's 500 and the NASDAQ Composite also saw new highs. Stocks gave up some of their gains into the close but the Dow still finished up 0.39% for...
October 24, 2019 | AMZN, Daily JAM, Stock Alerts |
You know what an "Amazon quarter" feels like right? Lots of revenue growth but no earnings as capital spending eats profits? Well, that's sort of what the company delivered today. But not quite. And the not quite is important. Usually an Amazon quarter is...
October 23, 2019 | Daily JAM, Morning Briefing |
Shares of Texas Instruments (TXN) closed down 7.48% today after the company reported that third-quarter earning felt $1.49 a share from $1.58 a share in the third quarter of 2018. Revenue dropped 11% year over year. On the other hand, shares of Apple continued to move...
October 22, 2019 | Daily JAM, Mid Term, Morning Briefing |
Today the Standard & Poor's 500 matched a 12-week high and made yet another assault on a new all-time record. Better than expected earnings have been the market driver. Some 81% of the S&P 500 companies that have reported for the quarter so far have beat...
